ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Having a car is an effective strategy for saving money.
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True
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False
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -When you borrow money from a bank, it’s not free money-you have to pay it back, plus interest. This means you have to pay back all the money you borrowed plus extra for the service.
Detailed explanation-2: -Discretionary income is the amount of an individual’s income that is left for spending, investing, or saving after paying taxes and paying for personal necessities, such as food, shelter, and clothing. Discretionary income includes money spent on luxury items, vacations, and nonessential goods and services.
There is 1 question to complete.